Manufacturing, value added in Bermuda
Bermuda: Manufacturing, value added was 29.38 million constant 2015 US$ in 2024. ▼ Falling
Manufacturing, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for manufacturing, value added in Bermuda is 29.38 million constant 2015 US$, measured in 2024.
Compared with earlier readings it is down 9.7% on the previous year and down 17.1% over ten years.
Over the whole period, manufacturing, value added in Bermuda peaked at 69.52 million constant 2015 US$ in 2010 and was at its lowest, 27.50 million constant 2015 US$, in 2021.
That places Bermuda 177th out of 186 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Manufacturing, value added in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 69.52 million constant 2015 US$ | — |
| 2011 | 63.55 million constant 2015 US$ | -8.6% |
| 2012 | 52.93 million constant 2015 US$ | -16.7% |
| 2013 | 35.53 million constant 2015 US$ | -32.9% |
| 2014 | 35.44 million constant 2015 US$ | -0.3% |
| 2015 | 34.22 million constant 2015 US$ | -3.4% |
| 2016 | 35.03 million constant 2015 US$ | +2.4% |
| 2017 | 37.28 million constant 2015 US$ | +6.4% |
| 2018 | 36.36 million constant 2015 US$ | -2.5% |
| 2019 | 36.34 million constant 2015 US$ | -0.0% |
| 2020 | 29.33 million constant 2015 US$ | -19.3% |
| 2021 | 27.50 million constant 2015 US$ | -6.3% |
| 2022 | 27.75 million constant 2015 US$ | +0.9% |
| 2023 | 32.55 million constant 2015 US$ | +17.3% |
| 2024 | 29.38 million constant 2015 US$ | -9.7% |
Bermuda compared with similar countries
- Bermuda's 29.38 million constant 2015 US$ is below the median for high income countries, which is 12.22 billion constant 2015 US$, 0% of the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 43.62 million constant 2015 US$ | 34.22 million constant 2015 US$ | 69.52 million constant 2015 US$ | 10 |
| 2020s | 29.30 million constant 2015 US$ | 27.50 million constant 2015 US$ | 32.55 million constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 174 Saint Vincent and the Grenadines 39.37 million constant 2015 US$ compare
- 175 Sint Maarten (Dutch part) 35.81 million constant 2015 US$ compare
- 176 Tonga 29.94 million constant 2015 US$ compare
- 178 Bahamas 29.13 million constant 2015 US$ compare
- 179 East Timor 29.00 million constant 2015 US$ compare
- 180 Dominica 27.07 million constant 2015 US$ compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is manufacturing, value added in Bermuda?
- Manufacturing, value added in Bermuda was 29.38 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Bermuda?
- The highest recorded value was 69.52 million constant 2015 US$ in 2010.
- What is the lowest manufacturing, value added recorded in Bermuda?
- The lowest recorded value was 27.50 million constant 2015 US$ in 2021.
- How does Bermuda rank for manufacturing, value added?
- Bermuda ranks 177th out of 186 countries with data for 2024.
- Is manufacturing, value added rising or falling in Bermuda?
- Over the last ten years it is down 17.1%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.